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CanOz said:
You could trade right up until Euro lunch.
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Regarding this, my plan was to not trade London open unless i really needed to. All my practice has been just on these 2 instruments just during asia. I've seen a vast improvement in my trading over a small amount of time after trying to specialise. After London opens they trade completely different and i would have to treat it as if i was learning/trading completely different instruments.
 
havaiana said:
Regarding this, my plan was to not trade London open unless i really needed to. All my practice has been just on these 2 instruments just during asia. I've seen a vast improvement in my trading over a small amount of time after trying to specialise. After London opens they trade completely different and i would have to treat it as if i was learning/trading completely different instruments.
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Yeah too right. Trade what you know. I've been all over these commodity breaks lately until today, after farking around with that stupid MHI i couldn't let it go and instead cut out early on two gold trades that would have been huge....:banghead:

CanOz
 
Day 3

Bit of a frustrating day. Couldn't get anything going on AUD and missed the move.
Yen I planned for a small range day but looking for a small pop. Kept playing the same idea all day and the runner kept on coming back for scratch's or plus/minus a couple of ticks. Would have made alot more not looking for the runner.
Finished in the green and doing pretty well so far considering I haven't had a great day yet (also haven't had a bad day). No changes on the game plan for next week, will just keep grinding away with one contract picking my spots.

trade report 170513.jpg
 
Day 4

Will post results tomorrow when they're up on the site. Just posting comments now while they're fresh in my mind.

Got killed in AUD today. Started off the morning with 4 straight losses and the next 4 trades were 3 scratches and another loss (I count a scratch as -1 to +2 ticks). Soon after I had another 4 straight full stop losses. Running below expectation but mainly trading like crap/overtrading etc. Monday's, especially the first half of the day are consistently my worst day of the week. I always plan to trade sim first to warm up, but forget come Monday.

I was going to stop myself out for the day below -$300 to keep my largest losing day less than my largest current winning. At one point one more losing trade would have had me knocking off early. I ran hot in YEN after the first few trades and last trade of the day in AUD hit a 22 tick runner which made the day look ok, but without that last trade I would have to start trading 2 contracts tomorrow. Having a drawdown nearly as big as my biggest day is obviously ****e trading.

1 contract again tomorrow, however if i don't have a decent day will switch up to 2 contracts on day 6, don't want to have to meet the profit target on day 10.
 
I guess thats a benefit of trading two products for the combine. Well done, good recovery. :xyxthumbs

How do you find the T4 platform?

CanOz
 
I never thought i would say it, but T4 is growing on me. I actually like the executing part better than ninjatrader. No frills but got everything you need and it goes well when you get used to the moving DOM. The only negative is having to click above the DOM to change order types. Maybe there is something i can even do about that, haven't checked

Day 5
At half way mark after today and had my first losing day. Didn't trade too bad, timing was off a little and missed getting filled on them good moves in the morning and ran a little under expectation. Finished net -153 on yen and +10 on AUD.

I'm up against it now, at the half way point i'm up $550 total. So 5 days to make $950, need to double my performance! Think all my stats are fine, but don't see myself making that profit on one contract, can't bank on having a good day. Now i just don't know whether to start off on 2 contracts tomorrow, or start on 1 and only move to 2 when in profit for the day. Problem is if i took a hit on one of the instruments for 2 days after switching to 2 contracts could put all my stats out of whack.
 
Forgot to mention about T4, it's very quick too. Previously i have been using ninja through AMP/CQG, i also have a couple of retail/ecn brokers for the spot market. There was no noticeable difference on which was quicker with amp/cqg and the spot brokers, with T4 it moves a fraction of a second faster than my spot tick charts, not anything i could take advantage of but just interesting that it is that touch faster....
 
havaiana said:
I'm up against it now, at the half way point i'm up $550 total. So 5 days to make $950, need to double my performance! Think all my stats are fine, but don't see myself making that profit on one contract, can't bank on having a good day. Now i just don't know whether to start off on 2 contracts tomorrow, or start on 1 and only move to 2 when in profit for the day. Problem is if i took a hit on one of the instruments for 2 days after switching to 2 contracts could put all my stats out of whack.
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What does your system need in terms of market conditions to perform better? If thats likely to be present tomorrow then an increase in size could be worthwhile.

CanOz
 
CanOz said:
What does your system need in terms of market conditions to perform better? If thats likely to be present tomorrow then an increase in size could be worthwhile.

CanOz
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It shouldn't matter too much as long as it's not too quiet. I do prefer a big range rather than a big trend though, i seem to be the only trader who sucks at timing catching trends. I see what you are saying, load up when conditions suit, i haven't been that good at predicting the conditions recently.

I'm just going to treat the next 5 days like a seperate 5 day combine, trade with 2 contracts, if my performance is the same as the previous 5 days i will pass. I really just don't want to come to the last day having to make a big number.

EDIT: trade report not updated yet, will post later
 
I'm just going to treat the next 5 days like a seperate 5 day combine, trade with 2 contracts, if my performance is the same as the previous 5 days i will pass. I really just don't want to come to the last day having to make a big number.
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This is the best course of action IMO.
Just concentrate on the trades especially trade management and forget about the money until you review at end of session. Trade with the contract size required to achieve the outcome needed and then forget about it while trading.
As in " Reminiscences of a Stock Operator" if your trading is focused on achieving a certain goal or amount of money in a fixed time frame then you are likely to fail.:2twocents
Good luck nice thread:xyxthumbs
 
Thanks Waza

Trade report still not updated with yesterday's figures, not sure what's up with that. Sent an email to support this morning, but they're on Chicago time so I don't expect hear back until late tonight.

Will probably have to extend my hours into european open starting tomorrow to help hit the target, assuming i'm not stopped out! Green day today but not as green as i would have liked, +220 net. Still need to make about $730 over the next 4 days.

Nothing much to note in todays session. Missed the early trend move again (at least i'm consistent), then the range was too small for me to do much with my $5 commissions and current trading skills (or lack thereof). Started out with 2 contracts for a couple of trades, but spent the rest of the day on 1 contract after it slowed and just wasn't feeling it. Spent most of the day going for a pop in yen again, scratched the last attempt for +1 tick after about an hour of being in profit after started taking some heat, 5 mins later it ran for 20 ticks. Yen does that to me every time, it's a love hate relationship, when you see the trade report from yesterday you will see the hate, lots of hate...
 
Hit daily stop. Bloody Yen, I traded so, so bad today.

Would need a super day to make it from here and i think it would have to be on yen, I think i'm in total -$15 on it so my stats would be all messed up.

I have made two big mistakes during this:

Should have traded 2 contracts from the start. Although it depends on market conditions i know roughly the expecation of one of my trades. I said before i started i would be pushing it to hit the profit target on 1 contract. It was dumb to try and do something i knew i wasn't able to acheive without some luck when i could just trade 2. Profit target would have been hit on day 6 if i had.

In terms of my actual trading, my mistake was going for too many runners after falling behind. My trading lets me just cover costs + a little bit more, then when everything lines up, letting one run here and there makes some extra. The first few days weren't great days by any means, only hit i think 2 runners over that time, rest of the money i made then was just grinding away. After that I was trying to hit runners on nearly all my trades to catch up, started losing money slowly and making it back on the runners instead of making some grinding and making some more on a runner if the opportunity presented

net -$460 for the day , +$315 Total :bad:
 
What's interesting now is despite highlighting it as a mistake, i might have to hit a couple of big runners to have any hope of making it. Will have to think about how i will approach this now...

Maybe 3 contracts and trade normal and hope for a bit of luck
Maybe step up to a bigger time frame, put the stops out a bit and go for a big runner....

I hate yen
 
Hang in there Hav, you're likely learning more than you realize right now....

Keep swinging for singles, you might hit a home run in the process.

CanOz
 
Keep trading the way you would normally. Don't change anything to "make it".

Far better to go out if you did it your way and fail than flip flop around and go out because you chased a result. :2twocents
 
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